U.S. Economy

Do you wish that you had a better job? If so, you are not alone. In fact, there are millions upon millions of Americans that get up every day and go to a job that they wish that they could afford to quit. Unfortunately, most Americans end up just desperately holding on to the jobs that they have because just about any job is valuable in this economic environment. Over the past decade, the long-term trends that are destroying jobs in America have accelerated. We have seen countless numbers of jobs shipped overseas, we have seen countless numbers of jobs replaced by technology, we have seen countless numbers of jobs taken by immigrants and we have seen countless numbers of jobs lost to the overall decline of the once great U.S. economy. Unfortunately, even though we can all see this happening, our “leaders” have failed to come up with any solutions. And since there are so many of us that are desperate for jobs these days, employers know that they don’t have to pay as much. The balance of supply and demand in the employment marketplace has radically shifted in their favor. So less workers are getting health insurance these days, less workers are getting retirement plans and once you adjust for inflation our paychecks have been getting smaller for years. Needless to say, all of this is absolutely eviscerating the middle class. The following are 17 facts that prove that the quality of jobs in America is going down the drain… (Read More...)

Have you noticed that very few people in the mainstream media ever directly criticize the Federal Reserve? But why should that be the case? Criticizing top politicians from both major political parties has become a national pastime. Most Americans love to throw mud at either the Republicans or the Democrats. But we are told that the Federal Reserve is “above politics” and that it is absolutely vital that the Fed remain “independent”. The reality is that the Federal Reserve has more control over the performance of the U.S. economy than the president even does, and yet most Americans never spend much time thinking about the Fed at all. It is almost as if someone has instructed us to “ignore the man behind the curtain” and most of us just blindly obey. With the economy in such a mess and with the national debt exploding so dramatically, isn’t it about time that we had a national conversation about the performance of the Federal Reserve? Isn’t it about time that we evaluated whether the Federal Reserve is doing a good job or not? (Read More...)

Has the economy improved since Barack Obama became the president of the United States? Of course not. Despite what you may be hearing in the mainstream media, the truth is that when you compare the U.S. economy on the day that Barack Obama was inaugurated to the U.S. economy today, there is really no comparison. The unemployment crisis is worse than it was then, home values have fallen, the cost of health insurance is up, the cost of gas is way up, the number of Americans living in poverty has soared and the size of our national debt has absolutely exploded. Anyone that believes that things are better than they were when Barack Obama was elected is simply being delusional. Yes, things have stabilized somewhat and our economy is not in free fall mode at this point. But don’t be fooled. This bubble of false hope will be short-lived. The problems we are seeing develop in Europe will erupt into another full-fledged global financial crisis and economic conditions in the United States will get even worse. When that happens, what possible ” economic solutions” will Barack Obama have for us? We never even came close to recovering from the last great financial crisis, and now something potentially even worse is staring us in the face. This is not a great time to have a total lack of leadership in Washington. (Read More...)

As the U.S. economy falls apart and as the world becomes increasingly unstable, more Americans than ever are becoming “preppers”. It is estimated that there are at least two million preppers in the United States today, but nobody really knows. The truth is that it is hard to take a poll because a lot of preppers simply do not talk about their preparations. Your neighbor could be storing up food in the garage or in an extra bedroom and you might never even know it. An increasing number of Americans are convinced that we are on the verge of some really bad things happening. But will just storing up some extra food and supplies be enough? What is going to happen if we see widespread rioting in major U.S. cities like George Soros is predicting? What is going to happen if the economy totally falls to pieces and our city centers descend into anarchy like we saw in New Orleans during the aftermath of Hurricane Katrina? In some major U.S. cities such as Detroit, looting is already rampant. There are some sections of Detroit where entire blocks of houses are being slowly dismantled by thieves and stripped of anything valuable. Sadly, the economy is going to get a lot worse than it is at the moment. So is now the time to move away from major U.S. cities? Should preppers be seeking safer locations for themselves and their families? Those are legitimate questions. (Read More...)

Do you want to feel optimistic about the U.S. economy? If so, you might not want to read the rest of this article. In many areas of the United States today, you can almost smell the fear and the anxiety in the air. Survey after survey has found that the American people are extremely pessimistic about the direction the economy is headed. In fact, many recent surveys have found that economic pessimism is at the highest levels ever recorded. There has been an astonishing loss of faith in the system. In general, people are extremely dissatisfied with how things are going right now, and they do not believe that things will get better any time soon. When the majority of the population starts losing hope like that, it creates a very unstable economic environment. Once people are gripped by desperation, they start behaving much differently. Desperate people do desperate things, and we are already starting to see this in many parts of the country. (Read More...)

There are a whole lot of things about the U.S. economy that don’t make any sense whatsoever. Sadly, most adults have been so programmed to accept the way that things are by years and years of relentless propaganda that they don’t even bother to question the status quo any longer. But little kids are different. Many little kids are not afraid to say the darnedest things or ask really embarrassing questions. Have you ever been in a situation where a child asks an obvious question that did not even occur to any of the adults? That happens so often because the minds of little kids have not been completely warped by the world we live in yet. They are able to see things with honesty and innocence and with fresh eyes. Well, perhaps all of us should start looking at our economy and our financial system through the eyes of little children. There are a lot of things that we have been programmed to accept that we really should be asking some hard “why questions” about. (Read More...)

For decades, the U.S. economy was so dominant compared to the rest of the world that nobody really even challenged the status of the U.S. dollar as the reserve currency of the world. But now that U.S. government debt has been downgraded, the U.S. dollar is showing significant weakness and the U.S. economy continues to crumble, the rest of the world is questioning whether the U.S. dollar should be allowed to continue to have such a privileged position in the global marketplace. Politicians all over the world are now openly calling for a new global currency to replace the U.S. dollar in international trade. In fact, we are already seeing a shift away from the dollar in many areas of the globe. A decade ago, the U.S. dollar made up approximately 70% of all foreign exchange reserves around the world. Today, that figure is down to about 60%, and it continues to fall. As the debt problems of the U.S. government get even deeper, and as the U.S. dollar loses even more strength, the calls for a truly global currency are going to grow even louder. (Read More...)